@morganb As shareholders, we are not fascinated by the management's irrelevant, frequent and nonsense posts on x.. Do the job you were hired and paid for..Enough B.S.
Breaking: Terraform Labs sues Jane Street for insider trading ($LUNA crash)
The court-appointed administrator winding down Terraform Labs (the firm behind the infamous 2022 TerraUSD/LUNA collapse) has filed a lawsuit accusing Jane Street the elite high-frequency trading firm of insider trading that allegedly accelerated or contributed to the project's downfall.
This comes via a Wall Street Journal report published just hours ago, detailing the fresh complaint in what appears to be U.S. federal court (likely building on prior Terraform-related litigation patterns, such as the Northern District of Illinois filings).Key Allegations from the Complaint (per WSJ and related coverage):Jane Street allegedly used nonpublic, insider information obtained from Terraform insiders to withdraw or liquidate significant funds/positions ahead of the May 2022 crash allowing them to exit with profits or minimized losses while ordinary investors and the ecosystem suffered massive wipeouts (the Terra collapse erased ~$40 billion in value).
A Jane Street employee reportedly created secret group chats (likely on Telegram or similar platforms) to funnel sensitive, non-public information about Terraform's instability, peg issues with TerraUSD (UST), or impending liquidity problems.
This is framed as insider trading under securities laws, plus potential violations of fiduciary duties or market manipulation rules enabling Jane Street to act on material non-public info (MNPI) to their advantage, which in turn "helped collapse" Terraform by eroding confidence, draining liquidity, or signaling doom to other players.
@Vivek4real_ It is not selling, it is a forced liquidation and a well organized manipulation by Binance and founder....the Chinese front man for crypto and btc...
@KobeissiLetter And he will buy more btcs from the otc desk at $2000-$5000 more than spot price per BTC....he is making other people wealthy on the expense of MSTR shareholders...